Mergers & Acquisitions Mergers & Acquisitions

Korean Air's plan to acquire Asiana Airlines faces delayed Australian review

By Laurel Henning
  • 04 Mar 2022 05:23
  • 04 Mar 2022 05:23
Korean Air’s $1.3 billion play for rival Asiana Airlines has suffered a setback in Australia today, after the country’s competition regulator said it had scrapped a March 24 announcement deadline as it awaits further information from the companies.
The Australian Competition & Consumer Commission, or ACCC, said in an update

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Laurel Henning

Senior Correspondent

Laurel is a senior correspondent specializing in competition law, data privacy and security, in Australia and New Zealand. Laurel reports from Sydney on criminal-cartel legislation and white-collar crime, as well as competition and consumer lawsuits involving companies including Google, Meta Platforms and Apple. While at MLex Laurel has also reported boardroom disputes and shareholder campaigns agitating for changes to company strategy. Laurel joined MLex in 2013 and reported for five years on European energy and climate policies from Brussels. In that time, Laurel covered the regulation of emissions and technological developments pertaining to the energy sector within the EU, as well as the Paris agreement in 2015. A graduate of the University of Liverpool, Laurel studied English and French before beginning a career in journalism with MLex.

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